IBPS PO General Awareness: Taxation & Regulatory Compliance questions with solutions

Q1. Which of the following indirect taxes are not subsumed under GST?

1. Service tax
2. Octroi
3. VAT
4. Stamp duty

Answer: Stamp duty

GST subsumed many indirect taxes such as service tax and VAT. Stamp duty is not subsumed under GST because it is levied on legal instruments and continues to be charged separately by states.